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Author Topic: How would the world be if Bitcoin wasn't created  (Read 1470 times)
Bazzu
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November 22, 2022, 01:34:44 AM
 #121

Bitcoin has made us achieve quite a handful of things that ordinarily we would not have achieved, take for example the financial freedom we achieve through Bitcoin would have not been possible without Bitcoin's existence, the bank could have the sole control over all our financial dealings and you know what that means.
Practically, Bitcoin has made the world a better place, and Bitcoin serves as the global financial agent without any third-party involvement

yes, it is so friend. and also with bitcoin making business easy for example such as short-term investment in bitcoin, or it can also be called day trading. and it has been proven that many people make short-term investments and many are successful. so by creating bitcoin it proved to have a good impact
for human life, especially in the economic field.

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November 26, 2022, 09:08:03 PM
 #122

Bitcoin have helped thousands of people in the world today, I think if bitcoin wasn't created many things would have been happening today which even the government can't control.
Many of us are benefiting from bitcoin today, bitcoin have saved many life's today, so I think if bitcoin wasn't created they'll be much crisis happening today.
Not thousands but millions or even billions. Can't you see the market cap of btc? It won't grow like that if there are only thousands of people involved. If let say btc isn't invented, I think the number of crimes are going to rise because people doesn't have a source of income.

We can't just say that these people must find a job because jobs are also limited but during the time btc came, many jobs are also have opened up related to it. People can also be their own boss by investing or trading bitcoin. A crime or poverty can possibly be controlled by a government but I think too much of it will be hard already, especially if they are not good enough. I am sure that governments are also thankful for btc for saving them, even if some of them has a hate with it.

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November 26, 2022, 09:39:38 PM
 #123

Bitcoin have helped thousands of people in the world today, I think if bitcoin wasn't created many things would have been happening today which even the government can't control.
Many of us are benefiting from bitcoin today, bitcoin have saved many life's today, so I think if bitcoin wasn't created they'll be much crisis happening today.
Not thousands but millions or even billions. Can't you see the market cap of btc? It won't grow like that if there are only thousands of people involved. If let say btc isn't invented, I think the number of crimes are going to rise because people doesn't have a source of income.

I think Bitcoin indirectly help people by making interested investors create start-ups that open job opportunity to people.  I agree that source of income become harder or lacking, the crime rate will increase.  But Bitcoin isn't created to give jobs to the jobless, it is created to make transferring funds without trusting financial institutions possible.  So I don't think having Bitcoin not created has an effect on the crime rate.


We can't just say that these people must find a job because jobs are also limited but during the time btc came, many jobs are also have opened up related to it. People can also be their own boss by investing or trading bitcoin. A crime or poverty can possibly be controlled by a government but I think too much of it will be hard already, especially if they are not good enough. I am sure that governments are also thankful for btc for saving them, even if some of them has a hate with it.

Without Bitcoin I believe there will be another option that can create job opportunities.  Besides, there maybe people who got rich trading Bitcoin but there are a lot more people got bankrupt because of jumping into Bitcoin trading without learning anything about the market.  IF someone had gained, someone has to lose.  That is the reality of investment and trading.

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November 26, 2022, 09:52:43 PM
 #124

Not thousands but millions or even billions. Can't you see the market cap of btc? It won't grow like that if there are only thousands of people involved. If let say btc isn't invented, I think the number of crimes are going to rise because people doesn't have a source of income.
Surely.
The fact that Bitcoin really helps so many people in the world can't be denied. Although many people said that Bitcoin is something dangerous, they don't consider how Bitcoin has helped so many people in their living. Many people turn their worst life situation into a much better life after meeting with Bitcoin, after working in the crypto business, and after Bitcoin investment. Many people's lives are changing. I don't know why they even cannot see this fact or if they only deny the fact.

We know that Bitcoin also has weaknesses and disadvantages, but actually as long as we can manage it, we can minimize the risks. We are here to learn and also make the best strategy for us to be able to earn more money from Bitcoin. Without Bitcoin the lfie robably willbe the same as usual in the past, there will not be any massive development in the blcokchain technology and earnings.

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November 27, 2022, 04:41:13 AM
 #125

In the grand scheme of things, the world as a whole would not be much different if Bitcoin wasn't created, at least not yet.  However, the impact on a great diaspora of individuals globally has been nothing short of phenomenal.
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December 02, 2022, 09:20:53 AM
 #126

Many people are thinking of other ways to make money. There are many people who have become rich because of Bitcoin, but there are also many people who have lost their money because of Bitcoin.
The world will not change much. Other innovative technologies would have been discovered without Bitcoin.
Bitcoin does bring a lot of convenience to people.
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December 17, 2022, 03:05:52 AM
 #127

If Bitcoin wasn't created.
I think no any different.

Bitcoin is created to give us opportunity to have decentralized finance. Where if Bitcoin not created, Banker always become number one.
Where Bank only giving us very small percentage for Certificate Deposit and high fees for transfer from country to country. Because no any competitor..
Also stock market will be leading market for speculation.

But now people has option to choose stock market or crypto market.
Many people come to crypto market because the believe on innovation about technology.
There is different with stock market where people believe on company.
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December 17, 2022, 06:35:33 PM
 #128

The entire world would have looks more worse than what we are seeing and the government would have caused too much problem to the suffering of the masses. Mist of us that are into cryptocurrency can attest to this because when we started, we were not as rich or comfortable as we are now but since the introduction of Bitcoin into the market, we have finally or partial escaped penury which would have worse the whole matter.

The government are there working as if they care about our existence but thanks to Satoshi Nakamoto that introduced Bitcoin to the world so that we can make a decentralized transactions without intervention of the government.

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December 17, 2022, 07:51:58 PM
 #129

What makes bitcoin unique is that its creator is unknown isn't that what is happening right now. satoshi is the shadow of a name that is an idol for business people in crypto but we won't know where he is whether he is alive or dead, of course we won't know. besides that bitcoin is a unique currency where we don't need banks anymore and various kinds of transaction media tools that target taxes when we transact and the presence of bitcoin has changed everything. I agree with the Op that if there were no bitcoins I don't think we would be in this forum nor would there be anything special about this internet.

Now, if you race on point number 4, maybe that's not an interesting point because we know there are many businesses out there that can provide greater profits, but the existence of bitcoin will make it easier for us when making transactions, that's a big advantage .

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December 17, 2022, 10:49:11 PM
 #130

If the world hasn't seen the existence of bitcoin, there won't be much of difference. The world would've been the same as the past. Most of the users who have shifted towards cryptocurrency could've been making use of the traditional banking and were never making any complaint. The existence of blockchain and bitcoin serving as the alternate have made people realise how bad is the financial system. The transition have begun and to experience the impact around the world it takes more time and it is too early to be judgemental.

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December 17, 2022, 11:59:16 PM
 #131

If the world hasn't seen the existence of bitcoin, there won't be much of difference. The world would've been the same as the past. Most of the users who have shifted towards cryptocurrency could've been making use of the traditional banking and were never making any complaint. The existence of blockchain and bitcoin serving as the alternate have made people realise how bad is the financial system. The transition have begun and to experience the impact around the world it takes more time and it is too early to be judgemental.
There would be no indeed difference which we do still ends up on getting too dependent with fiat and dealing up with those centralization in every angle as possible which there's nothing we can do about.
Now, that bitcoin had been created or overall crypto which is in correlating with decentralized stuffs then we do at least make ourselves somehow does have the option on dealing up with something
that cant be monitored.Yes, it does have its pro's but it does also have its cons.There were just people who are really just too optimistic on something ending up on expecting
for Bitcoin to take over which is really that an impossible thing to happen.

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December 18, 2022, 01:07:24 AM
 #132

The entire world would have looks more worse than what we are seeing and the government would have caused too much problem to the suffering of the masses. Mist of us that are into cryptocurrency can attest to this because when we started, we were not as rich or comfortable as we are now but since the introduction of Bitcoin into the market, we have finally or partial escaped penury which would have worse the whole matter.

The government are there working as if they care about our existence but thanks to Satoshi Nakamoto that introduced Bitcoin to the world so that we can make a decentralized transactions without intervention of the government.

Bitcoin is not as big as you say, without bitcoin, the world is still the same, neither bad nor better, bitcoin is still not big enough or important enough to impact society. Our world has 8 billion people, and the number of people who know about bitcoin and use it only stops at a few hundred million people. That means more than 7 billion people are still living a normal life without bitcoin, bitcoin is helping many people to have a better life but not all.
But I hope in the future, bitcoin will be more known and widely used because bitcoin is really good for us from investment to convenient payment method that bitcoin brings.

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December 18, 2022, 02:19:33 AM
 #133

The entire world would have looks more worse than what we are seeing and the government would have caused too much problem to the suffering of the masses. Mist of us that are into cryptocurrency can attest to this because when we started, we were not as rich or comfortable as we are now but since the introduction of Bitcoin into the market, we have finally or partial escaped penury which would have worse the whole matter.

The government are there working as if they care about our existence but thanks to Satoshi Nakamoto that introduced Bitcoin to the world so that we can make a decentralized transactions without intervention of the government.

Bitcoin is not as big as you say, without bitcoin, the world is still the same, neither bad nor better, bitcoin is still not big enough or important enough to impact society. Our world has 8 billion people, and the number of people who know about bitcoin and use it only stops at a few hundred million people. That means more than 7 billion people are still living a normal life without bitcoin, bitcoin is helping many people to have a better life but not all.
But I hope in the future, bitcoin will be more known and widely used because bitcoin is really good for us from investment to convenient payment method that bitcoin brings.

I agree with what you said, because bitcoin does not help all of humanity, but at least minimizes the economic the bad one situation for those who are interested in investing in bitcoin. and with bitcoin a lot of people are helped economically, like I see people with disabilities, like people who have abnormal physical conditions as usual, which are caused by birth or as a result of accidents. and with bitcoin their economy can be helped. as long as they are interested in investing in bitcoin because with bitcoin everything is easy.

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December 18, 2022, 03:17:23 AM
 #134

The entire world would have looks more worse than what we are seeing and the government would have caused too much problem to the suffering of the masses. Mist of us that are into cryptocurrency can attest to this because when we started, we were not as rich or comfortable as we are now but since the introduction of Bitcoin into the market, we have finally or partial escaped penury which would have worse the whole matter.

The government are there working as if they care about our existence but thanks to Satoshi Nakamoto that introduced Bitcoin to the world so that we can make a decentralized transactions without intervention of the government.

Bitcoin is not as big as you say, without bitcoin, the world is still the same, neither bad nor better, bitcoin is still not big enough or important enough to impact society. Our world has 8 billion people, and the number of people who know about bitcoin and use it only stops at a few hundred million people. That means more than 7 billion people are still living a normal life without bitcoin, bitcoin is helping many people to have a better life but not all.
But I hope in the future, bitcoin will be more known and widely used because bitcoin is really good for us from investment to convenient payment method that bitcoin brings.

I agree with what you said, because bitcoin does not help all of humanity, but at least minimizes the economic the bad one situation for those who are interested in investing in bitcoin. and with bitcoin a lot of people are helped economically, like I see people with disabilities, like people who have abnormal physical conditions as usual, which are caused by birth or as a result of accidents. and with bitcoin their economy can be helped. as long as they are interested in investing in bitcoin because with bitcoin everything is easy.

Bitcoin really helped those people in need on money like us , not because of Bitcoin  i cant purchase appliances for our home and also helped me financially which i am thankful. I know most of us here also helped us financially. Back to the topic if bitcoin wasn't created i think there are still no impact worldwide but it has impact to us as a single person as it helped us, it is sort of source of income. I am hoping that the bitcoin continue exist so it could help others too
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December 19, 2022, 05:54:24 AM
 #135

My life would not have changed much without Bitcoin. Without Bitcoin, the crypto world might not be known by so many people, that's all.
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December 19, 2022, 03:20:34 PM
 #136

1.       If Bitcoin had not been created, Central Bank Digital Currencies (CBDC) would not have been created either.  In 2027 - 2037, a digital concentration camp would not have been built in most countries.

2.    Satoshi Nakamoto, Vitalik Buterin, Dan Larimer and Riccardo Spagni would not be involved in cryptocurrencies.  Instead, they would get carried away with the development of artificial intelligence.  Because of this, Skynet would have captured the planet not in 2050 (as it will happen in real reality), but much earlier (in 2028).  

3.   John McCaffee would not have died in 2021, but in 2045.  He would have managed to become the king of Ireland and the leader of the resistance to the tyranny of Skynet, uniting all of humanity in the fight against the power of machines.

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December 19, 2022, 04:36:10 PM
 #137

Many people are thinking of other ways to make money. There are many people who have become rich because of Bitcoin, but there are also many people who have lost their money because of Bitcoin.
The world will not change much. Other innovative technologies would have been discovered without Bitcoin.
Bitcoin does bring a lot of convenience to people.

Yeah, lots of people are looking to other means of making money aside their main job to make ends meet. And to some, bitcoin has helped with that as there are lots of people who invested and held bitcoin in its early stages and reaped a bountiful return on their investments.
I think the majority of people who lost money on bitcoin are people who had and stored their funds on exchanges that later went bankrupt and folded up, like the recent FTX mess. No doubt, bitcoin has helped change the lives of a lot of people.
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February 03, 2023, 03:51:58 AM
 #138

if bitcoins were not made, of course we would not be able to discuss with friends like now.
the 2nd one: I will not know the name of investment because I know investment after bitcoin was created, and also in my opinion we will not enjoy freedom like now, because investing in bitcoin is full of freedom.
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February 03, 2023, 04:28:15 AM
 #139

In the grand scheme of things, the world as a whole would not be much different if Bitcoin wasn't created, at least not yet.  However, the impact on a great diaspora of individuals globally has been nothing short of phenomenal.

Yup till now many people treat Bitcoins as a source of investment. Some treat Bitcoins as a profit generating asset. I mean if Bitcoins aren’t created then still many people would have find the replacement of these. People if they want to invest, they could have invested in Stocks instead of Bitcoin. In order to generate profit instead of putting money in Bitcoin, they could have done gambling with their money. So if we see practically then yes no proper impact have Bitcoins left on the world.

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February 03, 2023, 05:06:33 AM
 #140

Bitcoin has time and again proved that it is the next big thing after Internet, the decentralization is what people required and it has given every common man the power to believe in it ...

Share your thought on this .. what do you think would have been situation if Bitcoin was not created

Many people would have still be struggling with finance doing 5 to 9 jobs daily just to put food on the table.

There would have been no bitcointalk where we all come to discuss issues related to Bitcoin and it's ecosystem.

There would have been no means by which we can transfer money to a family member or friend living in any part of the world in few minutes.

There would have been no other way to invest our money for long term rather than banks whereby we have no control over our funds, unlike using Bitcoin whereby it's decentralized and gives us control over our finance.

.
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